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Following President Donald Trump’s executive order to create a Strategic Bitcoin Reserve earlier this month, policymakers are directed to explore creative strategies to accumulate Bitcoin without increasing the federal budget or burdening taxpayers.
However, Bloomberg analysts see a relatively slim chance of the federal government purchasing the apex crypto this year.
Will The US Buy Bitcoin This Year?
According to Bloomberg’s legal analyst, there is just a 30% chance that the U.S. federal government will buy Bitcoin in 2025 to build up its Bitcoin trove.
The analyst believes the only way this can happen is through using the Exchange Stabilization Fund (ESF). Traditionally, the ESF handles foreign currency operations, gold, and other financial instruments for the U.S. Treasury. In the case of Bitcoin, the Treasury could purchase a debt instrument that’s settled in BTC upon maturity — effectively putting the top crypto into the government’s hands without directly purchasing it on the open market.
Bloomberg doesn’t think Congress can approve any serious overhaul of existing laws to allow BTC acquisition in the next two years.
Note that President Trump signed an Executive Order on March 6 to establish a Strategic Bitcoin Reserve consisting of BTC forfeited in criminal and civil proceedings. The order also indicated that the government would acquire more Bitcoin in the future through “budget-neutral” methods.
Notably, a huge trove of Bitcoin already sits in federal hands. Law enforcement agencies have seized massive amounts of BTC from criminals, today estimated to be nearly 200,000 coins — a sum worth about $16.6 billion.
The government has typically auctioned these assets off and put the proceeds in the general fund. But the President’s EO shifted that approach, ordering agencies to deposit confiscated Bitcoin directly into the US. Treasury instead of offloading it onto the market.
Michael Saylor, whose publicly traded company Strategy (formerly known as MicroStrategy) already owns the largest Bitcoin stash in the world, wants the U.S. government to purchase a quarter of Bitcoin’s entire supply over the next decade for its Strategic Bitcoin Reserve. Until 2045, Saylor claimed the reserve could generate between $16 trillion and $81 trillion for the US Treasury, potentially eliminating the ballooning national debt.